Renovated Six-Unit Apartment
For Sale
$600,000
5237 Chester Avenue, Philadelphia, PA 19143
Three-story property offers one-bedroom apartments, updated kitchens, modern appliances, and access to bus and trolley service.
Property Size2,672 SF
Price / SF$224.55
Days on Market310
Property Features for 5237 Chester Avenue
General Information
Standard status
Active
Size
2,672 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RM1
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Cap Rate
11.83%
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,364
Amenities
No
Dishwasher, Dryer - Electric, Dryer, Oven/Range - Gas, Washer, Water Heater
No Pool
Above Grade, Below Grade
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
KW Empower
Listed By:
Minh Nguyen-Rivera · License #RS333589
(267) 628-8062
Source:
Compass
Added: Oct 30, 2025
Changed: Aug 31
Last Checked: Aug 30 at 2:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
Investment Insights
Based on property information with market context.
This three-story apartment building contains 2,672 square feet and six one-bedroom, one-bath apartments. The units have been renovated with kitchens featuring granite countertops, gas ranges, microwaves, refrigerators, dishwashers, garbage disposals, ceiling lighting, and luxury vinyl flooring. Updated bathrooms include new vanities, mirrors, showers, toilets, and tile flooring. Electric baseboard heating, high ceilings, and large windows are also noted. The property was built in 1900 and carries RM1 zoning.
Located at 5237 Chester Avenue in Philadelphia, the building sits along a trolley line and near bus service, providing connections toward University City, area universities, and Center City. Kingsessing Recreation Center, shops, eateries, markets, cafés, bars, and other food establishments are identified nearby. Commercial spaces and residential properties surround the site, with multi-unit development projects located across the street.
Located at 5237 Chester Avenue in Philadelphia, the building sits along a trolley line and near bus service, providing connections toward University City, area universities, and Center City. Kingsessing Recreation Center, shops, eateries, markets, cafés, bars, and other food establishments are identified nearby. Commercial spaces and residential properties surround the site, with multi-unit development projects located across the street.
Key Highlights
- Six 1 Bed|1 Bath apartment units
- 2,672 Square Ft three‑story building
- Newly renovated kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,746
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$514,920
$514.9K
Cap Rate 7%
$367,800
$367.8K
Cap Rate 9%
$286,067
$286.1K
Market Conditions
NOI Build-Up for 2,672 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.7K $18.96/SF
− Vacancy
−$3.9K −$1.44/SF
EGI
$46.8K $17.52/SF
− OpEx
−$21.1K −$7.88/SF
NOI
$25.7K $9.64/SF
Area
ZIP 19143
Vacancy
7.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$514,920
Cap Rate 7%
$367,800
Cap Rate 9%
$286,067
Alternative Uses
Best Use
Apartment 5plus
$367.8K
$321.8K – $429.1K
NOI $25,746 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$915.8K
$801.3K – $1.07M
NOI $64,107 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,650
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story property offers one-bedroom apartments, updated kitchens, modern appliances, and access to bus and trolley service.
Where is this apartment building located?
The property is located at 5237 Chester Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Six 1 Bed|1 Bath apartment units; 2,672 Square Ft three‑story building; Newly renovated kitchens and bathrooms
